Mar 19, 2025 - Business

Stablecoin startup Stable Sea raises $3.5 million in funding

Brady Dale

Illustration of an open wallet in the form of the planet earth — Illustration: Sarah Grillo/Axios

Stable Sea, a startup providing services to the rapidly growing stablecoin industry, has raised $3.5 million in a round led by Kindred Ventures, with others participating.

Why it matters: Stabecoins have become the killer application of blockchains, one poised for growth if the rules governing such tokens in the largest economy in the world get sorted out this year.

How it works: The original use case for stablecoins was simply trading, allowing traders to exit trades to a stable value and also to move funds between exchanges quickly.

But the tokens have become useful for other reasons, particularly for treasury management at international organizations.

By the numbers: Stablecoins facilitate $6.1 trillion in transactions annually onchain, based on research by Visa.

That number would get much higher if transactions on exchanges were factored in.

Zoom in: "Stablecoins speed up global treasury movements for institutions and improve cross-border payment experiences for FinTechs," said Tanner Taddeo, CEO of Stable Sea, in a statement.

Stablecoins already settle faster with fewer middlemen than traditional payments, but the startup steps in to handle the last crucial step for businesses: making it easier to exit tokens to local currencies as needed.
The easier it is to exit to local currencies, the more useful stablecoins become to more kinds of companies.

Go Deeper: A startup building a blockchain just for stablecoins raises $24 million

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Stablecoin startup Stable Sea raises $3.5 million in funding

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